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Home Equity Lines of Credit

A Home Equity Line of Credit allows you to convert your home’s equity into a line of credit to use as you need it for ongoing expenses.

Only access and pay back what you need — the rest offers a safety net for unexpected future expenses. With a variable rate lower than most credit cards, a First Northern Home Equity Line of Credit helps you save money.

  • Great for ongoing expenses like remodeling your home, paying for college tuition, substantial home improvements, and handling the unexpected
  • Flexible line of credit to use as needed
  • Payments vary based on variable interest rate and amount drawn
  • 10-year draw period and 10-year repayment period
  • Borrow up to 85% of your home’s appraised value (minus any outstanding mortgage balances)
  • No annual fee
  • No upfront closing costs or fees if your initial advance is $25,000 or greater (see your initial disclosures for complete details).
  • Interest may be tax deductible. Consult a tax advisor for details.

APPLY NOW Estimate Your Payments

If you’re paying a higher rate on your Home Equity Line of Credit, let us help.

We may be able to lower your rate and save you money. 

REFINANCE NOW   Estimate Your Savings 

Home Equity Lines of Credit (HELOC)
Type APR*
Line of Credit (variable) As low as 4.00%

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*APR=Annual Percentage Rate. Home Equity and Access Lines of Credit have variable rates. Subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Rates are subject to change. The variable Line of Credit rate is set at the time of your loan (your initial rate) and adjusted each January and July 1st based on the Prime Rate as published in The Wall Street Journal, plus a margin as low as -.50% on Home Equity Lines of Credit (your margin may differ based on your qualifications), and as low as 2.00% for Home Access Lines of Credit (your margin may differ based on your qualifications). As of 7/1/2021 the Prime Rate was 3.25% APR. The current Home Equity and Home Access Line of Credit rates listed above are floor rates and are higher than the index plus margin. Available on Illinois residences only. Late payment fees and processing fees may apply. 

Need to borrow up to 100% of your home’s equity?

Our Home Access Line of Credit may be right for you.

  • Borrow up to 100% of your home’s equity.
  • No annual fee.
  • Interest may be tax deductible. Consult a tax advisor for details.
  • More affordable rates than personal loans for large expenses.

APPLY NOW Estimate Your Payments

Home Access Lines
Type APR*
Line of Credit (variable) As low as 7.00%

Apply Now   Learn More

*APR = Annual Percentage Rate. Home Equity and Access Lines of Credit have variable rates. Loans and Lines of Credit are subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Rates are subject to change. The variable Line of Credit rate is set at the time of your loan (your initial rate) and adjusted each January and July 1st based on the Prime Rate as published in The Wall Street Journal, plus a margin as low as -.50% on Home Equity Lines of Credit (your margin may differ based on your qualifications, and as low as 2.00% for Home Access Lines of Credit (your margin may differ based on your qualifications). Your margin may vary based on your credit qualifications. As of 7/1/2021 the Prime Rate was 3.25% APR. The current Home Equity and Home Access line of credit rates listed above are floor rates and are higher than the index plus margin. Late payment fees and processing fees may apply.